UK House Sales Down By More Than Half Year-On-Year
Property sales in the UK have fallen by 53% in the past year, according to the latest figures from HM Revenue & Customs.
In September, 59,000 homes were sold, down from 126,000 sales in the same month last year. That was also a 62% fall from the recent peak in sales, of 154,000, seen in December 2006.
This year, the credit crunch has driven the housing market into its sharpest slowdown for decades.
In September, 59,000 homes were sold, down from 126,000 sales in the same month last year. That was also a 62% fall from the recent peak in sales, of 154,000, seen in December 2006.
This year, the credit crunch has driven the housing market into its sharpest slowdown for decades.